Macquarie conditional investment right for Polaris Forge 1 additional phases
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
Macquarie has the right to invest an additional $337.5 million in two tranches of $168.75 million each to fund development of additional phases of Polaris Forge 1, conditional upon completion of specified debt financings and satisfaction of other conditions
Source (primary)
Applied Digital 8-K filed 2025-10-09 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The Purchaser has the right to invest an additional $337.5 million to fund the development of additional phases of the Polaris Forge 1, in two tranches of $168.75 million each, following the Subsidiary Issuer's completion of specified debt financings and satisfaction of other conditions set forth in the A&R UPA”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Applied Digital 8-K filed 2025-10-09
Quote: “The Purchaser has the right to invest an additional $337.5 million to fund the development of additional phases of the Polaris Forge 1, in two tranches of $168.75 million each, following the Subsidiary Issuer's completion of specified debt financings and satisfaction of other conditions set forth in the A&R UPA”